NYSE:IVAN.WS - Post by User
Post by
MorrisonMOon Feb 09, 2011 3:18pm
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Mongolia sees LSE front-runner for stock exchange
Mongolia sees LSE front-runner for stock exchangeMongolia sees LSE front-runner for stock exchange
By Daniel Bases
NEW YORK (Reuters) - Mongolian Prime MinisterSukhbaatariin Batbold said Monday the London Stock Exchangeis the front-runner in a bid to manage a new local stockexchange, expected to be up and running by year-end.
"London is the front-runner" to run this exchange, buildingit up from scratch," Batbold told reporters on the sidelines ofthe United Nations General Assembly meeting.
Mongolia is trying to make the most of its natural resourcewealth. It is one of the last places on earth with hugeuntapped mining resources for coal, copper, gold and uranium.
https://www.foxbusiness.com/markets/2010/09/20/mongolia-sees-lse-runner-stock-exchange/